Terryw, thanks again for your prompt response! Yes, if it’s not applicable, just to be sure, I will strike out the clause on all copies of the COS that I sign. I really appreciate your help with this issue. Kindest Regards, Andy.
Terryw, thanks for your reply. When u say “If the property is subject to GST then you would have to pay the vendors 10% extra”, when would a property be subject to GST? Everything I’ve been reading is indicating that the only properties subject to GST are new properties which have just been built and never lived in before, does that sound correct to you? This property is at least 40 years old and had tenants renting it just before it was up for sale/auction. What are your thoughts? PS, Im in the process now of finding a solicitor to review the COS. Thanks again.
